After Forex volumes marked a solid rise in August, September continued the positive trend, with Forex volumes rising in both monthly and annual terms. More interestingly, spot trade volumes were lower than in August, but that was compensated by a steep surge in swap trade volumes, which reached a record high.

Monthly FX turnover at MOEX was RUB 34.6 trillion ($523 billion) in September 2015, up 9.2% from the RUB 31.7 trillion registered in August 2015. In annual terms, the increase was even more pronounced at 84.5%.

The volume of swap trades was RUB 24 trillion, whereas the volume of spot trades was RUB 10.5 trillion.

The FX Market’s average daily turnover was RUB 1.57 trillion, up from the result of RUB 1.51 trillion registered in August 2015 and also up from the ADV of RUB 850.3 billion reported in September 2014.

Derivatives Market volumes surged 102.5% from September 2014 levels to RUB 10.7 trillion, or 173.2 million contracts, of which 168.6 million contracts were futures and 4.6 million contracts were options.

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